There is no reason not to raise wages when the economy is growing by 4 percent and some companies' profit reaches 15 percent of profitability, but people themselves have to enforce wage hikes via trade unions, President Miloš Zeman said during an official visit to the Zlín region. According to Zeman, wages make up only 7 to 8 percent of total costs of companies in the country, and only 17 percent of employees are members of trade unions.
English: http://www.praguepost.com/czech-news/50234-wednesday-new-briefing...
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.